Energy Prices On The Way Down In Time For Summer!!

Energy prices are set to drop from May 1st, just in the nick of time for summer when we least use these services, with electricity prices going down 10% and gas prices being reduced by 12%.

Minister for Communications, Energy and Natural Resources Eamon Ryan announced this afternoon drop in gas prices will also extend to small and medium enterprises while the reduction in electricity prices will apply to all customers using any of the companies. He also said this was welcome news for all energy customers at a time when people need it.

Bord Gáis has confirmed that its offer of undercutting ESB prices by as much as 14% remains in place, despite today's announcement. It means that customers who switch to Bord Gáis could see their prices drop by as much as 24%. Airtricity has also confirmed that its prices will remain 13% lower than the ESB, despite today's announcment of a 10% reduction. A company spokesman said the offer was guaranteed until January of next year.

Consumers Association Chief Executive Dermott Jewell said that 'we hope that this action from the Minister is the beginning of what will be, and needs to be, a concerted and ongoing initiative to bring down unrealistic, unaffordable and uncompetitive prices in Ireland'.